Credit cards are a magical financial tool if utilised properly. It can make you feel financially liberated. It also comes in handy in financial emergencies. It can also be a total delight if you're a frequent shopper. With pre-approved credit limits, curated 0-cost EMI offers on purchases, and cashback benefits; a good credit card can be your ultimate money companion.
Wondering how to get a credit card?
Well, it's not that complicated.
Any bank will evaluate your financial profile with factors like income, credit score, credit history, etc. Once you match the eligibility criteria, there's a high chance you can get a credit card.

Eligibility Criteria to Get a Credit Card in India?

Here are the eligibility criteria you must meet:

• You should be at least 18 years old. However, 21 years is the minimum age requirement in several banks. The maximum age limit also varies and is typically 60 years or so.
• Your minimum monthly income must be ₹20,000
• You must work for a salary or be self-employed
• You should be an Indian national with a valid residential proof
• You must have a good credit score — anything above 700 in India is considered to be good.

Documents Required

Keep these documents handy to get a credit card hassle-free:

• Identity proof - Aadhaar card, PAN card, Driving licence, Voter ID, Passport
• Address proof - Electricity bill, Ration card, Driving licence, Voter ID
• Last 2 to 3 months' bank statement
• Income proof - Latest payslips, Form 16, Income Tax Returns file,
• Age proof - Birth certificate, Aadhaar card, Voter ID, Passport
• Proof of business (if any)

If you need a student credit card, submit your student ID proof and your credit card application.

How to get a credit card: Step-By-Step Procedure

1. Choose the card you want 

Each bank provides a wide range of credit card choices. Certain credit cards are excellent for travellers, while others may be well suited for business, while some are entitled to shopping and entertainment purposes. Before going for any credit card:

1. Check out their fees and charges.
2. Visit the credit card section of a desired bank to determine which card suits you best.
3. Once you decide which card is best for you, check with the bank to see if you qualify.

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2. Make an application

Keep all your relevant documents handy — banks typically require confirmation of name, address, and income. In some cases, you might not need to do it if you are an existing customer. Apply online, at an ATM, or stop by your local bank branch. The annual fee for most cards is usually waived when you spend a particular amount in a year.

3. Activate the credit card

The Credit card is sent to the communication address once the application has been authorised. The Green PIN is sent to your registered mobile phone number. To authenticate any Credit Card transaction, you will require the PIN. Once you have the credit card and PIN in your possession, change the PIN at the closest ATM of your bank. A few banks also offer this service online where you can set, and update PIN on the app.

Conclusion

Credit cards can be a powerful financial tool when used responsibly. They offer financial freedom, emergency support, and powerful shopping experiences. By meeting the eligibility criteria and providing the necessary documents, anyone can apply for a credit card. Just keep your credit score in check. Choosing the right card that suits your needs and preferences is essential. For example, Fi and Federal Bank's co-branded credit card offers amazing rewards, perks, and exclusive vouchers. The highlight is — you get 5% value back on your purchases.

Frequently asked questions

‍1. How to get a student credit card? 

A student credit card is available to college students. Since there is no upper-income limit on qualifying for the credit card, any student over 18 years of age may apply. These credit cards feature a five-year validity life and lower interest rates. Financial institutions like SBI and HDFC offer student credit cards.

2. How to get a credit card without a job?

While having a job or salary slip is typically required to get a credit card, alternative options are available. If you don't have a job, you can show your bank other sources of income or maintain a healthy bank balance. Another option is to apply for a secured credit card against a healthy amount of fixed deposits or mutual funds.

3. What is the eligibility for getting a credit card?

If you need a credit card, here are the eligibility criteria that you must meet:

• You should be at least 18 years old. However, 21 years is the minimum age requirement in several banks. The maximum age limit varies as well and is typically 60 years or so.
• Your minimum monthly income must be ₹20,000
• You must work for a salary or be self-employed
• You should be an Indian national with a valid residential proof
• You must have a good credit score — anything above 700 in India is considered to be good.

4. Can a normal person get a credit card?

Yes, anyone who meets the eligibility criteria of getting credit cards can get one.

5. What is the minimum salary to get a credit card?

To get a credit card, your minimum income should be INR 20,000 per month.